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Advance Loan FAQ's Online
What is a fast cash advance?
-A fast cash advance is the
same as a payday loan. It is a minor currency loan fully cashable up to
$500.
In what manner can a cash advance be expended?
-However many ways money
can be spent. There are no regulations or limitations on the purchasing
power of a payday advance loan.
What is entailed of a borrower to qualify for
a cash advance?
-Six months employment (with a minimum monthly
wage of $1,000), a valid checking account that is utilized with personal checks,
U.S. citizenship and legal adult status (18 years of age) are all prerequisites
in getting approved for a payday loan online.
How much time does a cash advance application
take to be approved?
-30 minutes or less.
How are funds transferred to the borrower?
-The funds from a payday
loan are electronically transmitted via Direct Deposit.
What is the total amount available from a
payday loan?
-The currency maximum for a
cash advance is $500.
Is collateral a required provision in order to
receive a payday loan?
-Borrowers are not required
to provide collateral.
Will a borrower be informed of their payday
loan application status?
-As soon as an approval is
verified, the borrower will be informed by e-mail.
What are the chances of getting approved for a
cash advance if the borrower has poor credit or prior bankruptcy status?
-Very good. Credit
history is not a major issue as long as the borrower is currently employed.
How much time is allotted for the cash advance
to be paid back in full?
-Settlement on a payday
loan is due at the time the borrower is issued their following paycheck.
Are borrowers permitted to receive a payday
loan if they have an unsettled one at the current time?
-Unfortunately not.
Our insurance policy requires us to never divulge cash advances to patrons with
outstanding payday loans.
Can a cash advance be settled earlier than
originally scheduled?
-Indeed, borrowers can opt
to settle their payday loan before the settlement deadline is reached.
Are extensions permitted for borrowers who
need additional time to settle their payday loan?
-Yes. If circumstance
arise and a borrower needs more time to pay back their cash advance, they will
be permitted to do so with a supplementary fee.
Are there fees or interest applied to payday
advance loans?
-In the money lending
business, straight fees are normally prescribed for payday loans, rather than
interest.
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